Record Fuel Prices Across EU Prompt Calls for Bloc Wide Windfall Tax on Firms The European Union is facing one of its most pressing challenges: record high fuel prices that are crippling economies and emboldening far right politicians.
The solution, however, is complicated. EU Economic Commissioner Valdis Dombrovskis has signaled a cautious approach to measures like a windfall tax, but governments are growing increasingly desperate.
European leaders have been scrambling for months to address the fuel price crisis, which has pushed pump prices to historic highs across the continent. In Germany, diesel costs an average of €2.